Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 2,427,515 | 2,013,642 | 413,873 | 31.9 | 26% |
| 2012 | 2,547,485 | 2,170,802 | 376,683 | 36.2 | 26% |
| 2014 | 2,630,840 | 2,129,159 | 501,681 | 39.9 | 27% |
| 2015 | 2,747,921 | 2,265,657 | 482,264 | 39.8 | 28% |
| 2016 | 2,991,605 | 2,356,768 | 634,837 | 40.5 | 29% |
| 2017 | 3,293,030 | 2,575,740 | 717,290 | 39.9 | 30% |
| 2018 | 3,649,035 | 2,768,819 | 880,216 | 40.3 | 31% |
| 2019 | 3,914,279 | 2,945,378 | 968,901 | 44.3 | 32% |
| 2020 | 3,941,903 | 3,092,103 | 849,800 | 47.1 | 35% |
| 2021 | 4,259,260 | 3,367,855 | 891,405 | 44.0 | 33% |
In its most recent public year (2021), this organization brought in $891,405 more than it spent. Its reserves stood at about 44 months of spending, up from 31.9 in 2011. Staff pay was 33% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2021. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
Credit Unions Chartered In The State Of Michigan's IRS filings as a feed — one entry per filing year, through 2021. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works